goblin, page-7

is map a great buy? Fundamentally MAP is a great STOCK. But is sold out fully a few weeks back @ $3.48 when everyone on this board was saying: "buy"

The market decides what is good value in a share - not u or I. Hence to call MAP a buy when it is trending down is just wishful thinking.

I will ABSOLUTELY buy back into MAP but not yet!

Just looking at the latest chart - there is one positive:
MAP retested Thursday's low of 3.18 & the market rejected that to close at 3.20 - But hell that's not enough of a buy signal in my books!

On the negative side: I use a chart indicatator called "force index" & based on that, MAP is at a critical stage - if tomorrow it drops below today's low/close then this is still a short & will fall lower.

Fundamentally a good share, but technically precarious, at best it is a hold if you are seriously long.

Please do your own research - MOO (my opionions only)

cheers